January 31, 2023

Global LED Outdoor Lighting Market (2022 to 2027) – Development of Wireless Technology for LED Street Lighting Systems Presents Opportunities – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Global Outdoor LED Lighting Market (2022-2027) by Installation Type, Power Type, End-Use Application, Geography, Competitive Analysis, and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

The Global Outdoor LED Lighting Market is estimated to be valued at USD 20.81 Billion in 2022 and is projected to reach USD 46.04 Billion by 2027, growing at a CAGR of 17.21%.

Market dynamics are forces that are impacting pricing and stakeholder behaviors in the global Outdoor LED Lighting market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global outdoor LED lighting market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the global outdoor LED lighting market using the Ansoff matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global Outdoor LED Lighting Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Drivers

  • Need to improve energy efficient lighting systems for highways and pedestrians for driver safety

  • Strong demand for LED lighting driven by infrastructure upgrades and development such as smart cities and economic corridors

  • Reduced LED prices

Constraints

  • Lack of awareness regarding installation costs for smart lighting and payback periods

  • Development of laser lights as alternative technologies

Opportunities

  • Development of wireless technology for LED public lighting systems

  • Energy efficiency in developing economies

  • IoT technology in smart street lighting and smart city projects

Challenges

  • Lack of common open standards

  • Rapidly rising product testing costs

  • Lack of customer ownership in utility-owned street lighting

Market segmentation

The global outdoor LED lighting market is segmented on the basis of installation type, power type, end-use application, and geography.

  • By facility type, the market is categorized into new facility and retrofit facility.

  • By power type, the market is categorized into less than 50W, 50-150W and more than 150W.

  • By end-use application, the market is categorized into highway and pavement, architectural, public places, and others.

  • By geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Companies cited

  • Astute Lighting Ltd.

  • Bajaj Electric Ltd.

  • Bamford Lighting Ltd.

  • CG Power and Industrial Solutions Ltd

  • Cris Inc.

  • Dialight AG

  • Eaton Corp plc

  • Evluma

  • General electricity company

  • Halco Lighting Technologies

  • Hubbell Inc.

  • Neptune Light Inc.

  • Osram Licht AG

  • Philips Lighting Holding B.V.

  • Notify detention

  • Syska LEDs

  • Tapan Solar Energy Pvt Ltd

  • Virtual Extension

  • Zumtobel Group AG

For more information on this report, visit https://www.researchandmarkets.com/r/ad4oo4

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